EO Tax Journal

1 – In the News

3 – Applicant that Maintains, Develops and Distributes Open Source Software Relating to Its Cryptocurrency Free to the Public Denied (c)(3) Status (Denial 202019028)

4 – Applicant Serving Alcoholic Beverages to ‘Club Members’ Dining at a Restaurant Denied (c)(7) Status (Denial 202017037) Continue…

1 – Editor’s Notebook

2 – Income of Authority Engaged in Buying Commodities for Members Will Be Excluded from Gross Income under § 115(1) (PLR 202019026)

3 – IRS Rules Transaction Involving Carbon Dioxide Offset Credits Resulting in Unusual Amount of Income Will Be One-Time Event and Not Derived from Active Conduct of Businesses under Section 501(c)(7) (PLR 202019027)

4 – Non-Member Income Results in Denial of (c)(7) Social Club Status (Denial 202015023) Continue…

1 – Editor’s Notebook

2 – Thirty Senators Support Legislation to Help Charitable Organizations

3 – Applicant Providing Death Benefits to Members Denied (c)(4) Status (Denial 202015024)

4 – Applicant Organizing Reunion and Gala Events that Benefit Family Denied (c)(3) Status (Denial 202016022)

5 – Applicant Providing Scholarships and Financial Aid to Family Members Denied (c)(3) Status (Denial 202016026) Continue…

1 – The EOTJ Mailbag

2 – Editor’s Notebook

3 – SBA Extends ‘Safe Harbor’ Date for Returning PPP Loan Funds, Says Guidance Coming Before New Date

4 – New Treasury Department Rule Further Strengthens Religious Liberty Protections for PPP Loan Borrowers; Also Exempts Work Study Students from Employee Counts

5 – Applicant Organizing Recreational and Social Events for Members Denied (c)(3) Status (Denial 202016021) Continue…

1 – Editor’s Notebook

5 – Operation of a Tavern in a Commercial Manner Outside Scope of Section 501(c)(3) (Denial 202016019) Continue…